Beacon Harbor Wealth Advisors Inc. Has $12.25 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Beacon Harbor Wealth Advisors Inc. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,516 shares of the exchange traded fund’s stock after acquiring an additional 1,444 shares during the period. iShares Gold Trust accounts for about 2.9% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 6th biggest position. Beacon Harbor Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $12,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. TCP Asset Management LLC increased its stake in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares during the last quarter. Howard Financial Services LTD. increased its position in shares of iShares Gold Trust by 2.9% in the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 220 shares during the last quarter. Avaii Wealth Management LLC increased its position in shares of iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares during the last quarter. EP Wealth Advisors LLC raised its stake in iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 262 shares in the last quarter. Finally, OMNI 360 Wealth Inc. lifted its position in iShares Gold Trust by 5.0% during the third quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $51.06 on Friday. The firm has a 50 day simple moving average of $49.85 and a two-hundred day simple moving average of $46.68. iShares Gold Trust has a one year low of $36.57 and a one year high of $52.69.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.